🟢 Z.AI is trading 4.39% up today after rebound following HK$5 billion fundraising selloff

Z.AI is trading 4.39% up at HK$772.50 after a sector-driven rebound following the sharp selloff linked to its HK$5 billion fundraising.

• Financing involved discounted shares and convertible bonds, raising dilution concerns; Reuters reported 21.97 million new shares priced at HK$714.
• A broader risk-on recovery, including Thursday’s stronger technology-sector performance, appears to be supporting the rebound.
• Trading closed September 17 at HK$740.00, up 2.78%, before the latest move.